Major Rating Factors:
Strong long-term capitalization index (7.6 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent profitability index (7.4) despite modest operating losses during the first six months of 2025. Excellent expense controls.
Other Rating Factors:
Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Weak overall results on stability tests (2.2) including excessive premium growth and weak results on operational trends. The largest net exposure for one risk is excessive at 12.8% of capital.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (19.7%), fire (2.1%), other (78.2%)
Licensed in:
(No states)
Principal Investments:
Common stock (67.1%), cash (1.5%), investment grade bonds (1.3%), other (30.1%)
Corporate Info
Group Affiliation
PBRA (Cayman) Co
Investment Rating
--
Company Address
B-7 Calle Tabonuco Street
Guaynabo, PR 00968
Guaynabo, PR 00968
Phone Number
(787) 339-2100
NAIC Number
37745
Largest Affiliates